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U.S Monetary Policy In 1995
Part I of Essay
When Alan Greenspan presented the Federal Reserve's semi-annual report
on monetary policy to the Subcommittee on Domestic and International Monetary
Policy, the Committee on Banking and Financial Services, and the U.S. House of
Representatives on February, Dr. Greenspan tou .... Part II of Essay
.... less steep than in 1994, when the rate of growth was clearly
unsustainable, but one that nevertheless would imply continued significant
growth and incomes." (Greenspan, 1996, Speech)
Towards the end of the year, the economy showed signs of slowing.
Fearing a prolonged slowdown or even a recession in the economy, and with
inflationary expectations waning, Chairman Greenspan and the Federal Reserve cut
rates again in December. (Greenspan, 1996, Speech)
There are, of course, critics of 1995's monetary policy. Most of the
criticism came ....
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Words: 1368 - Pages: 5
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